PolicyStat’s Dramatic Growth Continues in Q2

PolicyStat LLC, (http://www.policystat.com) the leading provider of policy lifecycle management solutions for healthcare organizations, is pleased to announce its second quarter results. The second quarter of 2015 continued PolicyStat’s string of consecutive quarters with growing revenue which started in 2009. The quarter also continued the company’s customer diversification across the healthcare spectrum with new customers that included several large health systems, acute care hospitals of all sizes, behavioral health facilities, ambulatory surgery centers, Indian Health Service facilities, county health departments, an integrated system of assisted living and adult day care facilities, and an Accountable Care Organization (ACO).

“PolicyStat’s second quarter results clearly illustrate that all sectors of the healthcare market have need for the PolicyStat solution. We measure our success by the success of our customers, and we are grateful for the broad adoption of our solution throughout the healthcare market. We are proud to play a vital role in the revolution taking place in healthcare today by helping our customers to improve quality, enhance productivity, and mitigate risks,” said Steven Ehrlich, President of PolicyStat.

PolicyStat’s growth was manifest in almost every aspect of its operation in the second quarter. Growth in recognized revenue during the second quarter of 2015 was over 50% when compared with the same quarter of 2014. Additionally, during the first six months of 2015 the company welcomed almost as many new customers as it did in all of 2014. Finally, the company’s employee base swelled with new full- and part-time positions being filled across the company and the company welcoming its largest class of summer interns in its history.

In addition to its strong financial performance, PolicyStat also moved into new corporate headquarters early in the second quarter to accommodate the company’s growing workforce. “We had two guiding principles for our move – number one, do not impact customers negatively in any way, and number two, only minimally inconvenience our team members,” said Ehrlich. “All indications are that we achieved both. I am grateful to all of PolicyStat’s stakeholders – our customers, our team members, our community, and our owners – for their commitment and support over the years because they made this move possible. We will continue to show our gratitude by delivering exceptional customer service and exceptional value to all involved.”